MA - LEN
ActiveMA - LEN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.80M and a net result of €151k. Equity is growing by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-58
Solvency65▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.73 in 2024), and 46.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.3%
Return on assets
4.5%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
3 d late
2023
41 d early
2022
40 d early
2021
40 d early
2020
5 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.80M▲ 9.2%
2024 · €1.65M
2019: €337k
2020: €414k
2021: €522k
2022: €637k
2023: €1.25M
2024: €1.65M
2019 → 2025
Total assets
€3.37M▼ 3.5%
2024 · €3.50M
2019: €1.89M
2020: €1.80M
2021: €1.70M
2022: €1.64M
2023: €2.31M
2024: €3.50M
2019 → 2025
Net result
€151k▼ 61.9%
2024 · €397k
2019: €74k
2020: €78k
2021: €107k
2022: €115k
2023: €613k
2024: €397k
2019 → 2025
Working capital
€-599k▼ 364%
2024 · €-129k
2019: €-526k
2020: €-469k
2021: €-393k
2022: €-320k
2023: €513k
2024: €-129k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€522k-€637k▲ 22.1%€1.25M▲ 96.2%€1.65M▲ 31.8%€1.80M▲ 9.2%
Operating result€139k-€146k▲ 5.0%€832k▲ 471%€594k▼ 28.7%€246k▼ 58.5%
Net result€107k-€115k▲ 7.1%€613k▲ 432%€397k▼ 35.1%€151k▼ 61.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.37M
Fixed assets
€3.04M▼ 3.5%
Current assets
€331k▼ 4.2%
Equity and liabilities €3.37M
Equity
€1.80M▲ 9.2%
Provisions
€322k▼ 2.2%
Debt
€1.25M▼ 17.6%
The debt ratio falls from 43.5% to 37.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€402k▼
2024 · €749k
Cash flow
€307k▼
2024 · €553k
Solvency
53.3%▲
2024 · 47.1%
Current ratio
0.36▼
2024 · 0.73
Quick ratio
0.36▼
2024 · 0.73
Debt / equity
0.70▼
2024 · 0.92
ROE
8.4%▼
2024 · 24.1%
ROA
4.5%▼
2024 · 11.4%
Interest coverage
7.32▼
2024 · 13.44
Debt
€1.25M▼
2024 · €1.52M
Debt ≤ 1 year
€930k▲
2024 · €474k
Debt > 1 year
€324k▼
2024 · €1.05M
Income taxes
€47k
Staff costs
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.50M€3.37M▼
Fixed assets21/28€3.15M€3.04M▼
Tangible fixed assets22/27€3.09M€2.98M▼
Land and buildings22€3.04M€2.94M▼
Plant, machinery and equipment23€34k€23k▼
Furniture and vehicles24€20k€15k▼
Financial fixed assets28€62k€62k=
Current assets29/58€345k€331k▼
Amounts receivable within one year40/41-€266k
Other amounts receivable41-€266k
Cash at bank and in hand54/58€345k€65k▼
Equity and liabilities
Total equity and liabilities10/49€3.50M€3.37M▼
Equity10/15€1.65M€1.80M▲
Contributions10/11€256k€256k=
Capital10€256k€256k=
Issued capital100€256k€256k=
Reserves13€1.22M€1.19M▼
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Tax-exempt reserves132€981k€952k▼
Distributable reserves133€217k€217k=
Profit (loss) carried forward14€168k€348k▲
Provisions and deferred taxes16€329k€322k▼
Deferred taxes168€329k€322k▼
Amounts payable17/49€1.52M€1.25M▼
Amounts payable after more than one year17€1.05M€324k▼
Financial debts170/4€1.04M€317k▼
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€474k€930k▲
Current portion of amounts payable after more than one year42€149k€724k▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45-€35k
Taxes450/3-€35k
Other amounts payable47/48€321k€164k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€156k€155k▼
Other operating charges640/8€31k€32k▲
Gross operating margin9900€780k€437k▼
Operating profit (loss)9901€594k€246k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€56k€55k▼
Recurring financial charges65€56k€55k▼
Profit (loss) for the period before taxes9903€538k€192k▼
Transfer from deferred taxes780€7k€7k=
Transfer to deferred taxes680€148k-
Income taxes67/77-€47k
Profit (loss) for the period9904€397k€151k▼
Transfer from tax-exempt reserves789€29k€29k=
Transfer to tax-exempt reserves689€443k-
Profit (loss) for the period to be appropriated9905€-17k€180k▲
Appropriation of the result
Profit (loss) to be appropriated9906€168k€348k▲
Profit (loss) brought forward from the previous period14P€184k€168k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €613k ▲432%
Operating result €832k, net result €613k, both a record.
30-06
Financial
Liquidity times 17current ratio 2.44
Current ratio from 0.15 to 2.44; short-term debt falls from €375k to €356k.
30-06
Financial
Equity above €1MEq €1.25M ▲96.2%
5 profitable years in a row build equity to €1.25M.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €500kEq €522k ▲25.9%
3 profitable years in a row build equity to €522k.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zutendaal · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenblookstraat 703690 ZutendaalGround area
2,656 m²
Building footprint
374 m²
Volume, LiDAR
1,723 m³
Parcel 71582E0431/00M031, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MA-LEN NV
since 19892.044.104.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71582E0431/00M031 | Flanders | 2,656 m² | 1 · 374 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ENCETERA
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REGATTA
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IMMO NOVA
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,379 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-05-1989
Fiscal year end30-06
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.